The adapted TPM is really a hybrid version of the constant-valued TPM in addition to a discrete-valued valued TPM. The adaptation imposes a framework on the TPM and cuts down the number of expected parameters for your discrete-valued HMM with M hidden states from M(M−1) to M+two. The proposed model https://marioecmeu.bloguerosa.com/20211493/stress-testing-and-forecasting-for-dummies